Greylock Partners

Image:Greylock Ventures logo.png

Greylock was founded in 1965 in Cambridge, Massachusetts by Bill Elfers and Dan Gregory, joined shortly thereafter by Charlie Waite. Elfers and Waite had both worked at American Research and Development Corporation. The original capital of $10 million was committed by a group of six families. The company opened a second fund in 1973.{{cite web |last1=Buderi |first1=Robert |date=July 26, 2010 |title=Greylock's Henry McCance on Why the Firm Moved Its HQ to Silicon Valley and How Boston Must Find Its Google |url=http://www.xconomy.com/boston/2010/07/26/greylock%E2%80%99s-henry-mccance-on-why-the-firm-moved-its-hq-to-silicon-valley-and-how-boston-must-find-its-google/ |url-status=dead |archive-url=https://web.archive.org/web/20160221203735/http://www.xconomy.com/boston/2010/07/26/greylock%E2%80%99s-henry-mccance-on-why-the-firm-moved-its-hq-to-silicon-valley-and-how-boston-must-find-its-google/ |archive-date=Feb 21, 2016 |access-date=Jul 12, 2024 |publisher=Xconomy}} The company opened its first office in Silicon Valley in 1999.

Greylock closed its 12th fund in 2005 with $500 million. In 2009, Greylock relocated its headquarters from the original Boston location to Silicon Valley.{{cite web| url=http://www.xconomy.com/boston/2009/05/19/a-blow-to-the-boston-vc-scene-greylock-partners-moving-hq-to-silicon-valley/| title=A Blow to the Boston VC Scene? Greylock Partners Moving HQ to Silicon Valley| last1= McBride|first1=Ruan| date=May 19, 2009| publisher=Xconomy| access-date=December 28, 2015}}{{cite web| url=http://bits.blogs.nytimes.com/2009/05/19/is-boston-still-a-venture-capital-hotbed/?_r=0| title=Is Boston Still a Venture Capital Hotbed?| last1= Miller| first1=Claire Cain|date=May 19, 2009| work=The New York Times| access-date=December 28, 2015}} Also in 2009, Greylock opened its 13th fund with $575 million.{{cite web| url=https://www.nytimes.com/2009/11/03/technology/start-ups/03venture.html?dbk| title=Despite Slump, Venture Firm Sets Up $575 Million Fund| last1=Miller| first1=Claire Cain| date=November 2, 2009| work=New York Times| access-date=December 28, 2015}} In 2011, the 13th fund was increased to $1 billion.{{Cite web| url=http://venturevillage.eu/greylock-partners| title=Greylock Partners Raises $1BN Fund With Marketplaces and Enterprise in Mind| date=September 11, 2013| last1=Fowler| first1=Nina| access-date=December 28, 2015| archive-url=http://arquivo.pt/wayback/20141125162512/http%3A//venturevillage.eu/greylock%2Dpartners| archive-date=November 25, 2014| url-status=dead}} The company organized a 14th fund in 2013 with $1 billion.{{cite web|url=https://www.forbes.com/sites/tomiogeron/2013/09/10/facebook-linkedin-investor-greylock-partners-raises-1-billion-for-14th-fund/|title=Facebook, LinkedIn Investor Greylock Partners Raises $1 Billion For 14th Fund| author=Tomio Geron | date=September 10, 2013| work=Forbes}} The company organized a 15th fund in 2016 with $1 billion.{{Cite web |last=Roof |first=Katie |date=2016-10-11 |title=Greylock closes $1 billion fund |url=https://techcrunch.com/2016/10/10/greylock-closes-1-billion-fund/ |access-date=2023-01-31 |website=TechCrunch |language=en-US}} In 2020, it organized a 16th fund with $1 billion,{{Cite news |date=2020-09-15 |title=Greylock Partners Raises $1 Billion for Venture Capital Fund |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2020-09-15/greylock-partners-raises-1-billion-for-venture-capital-fund |access-date=2023-01-31}} and in 2021, the company raised an additional $500 million for the 16th fund to be used exclusively on seed deals.{{Cite web |title=Greylock Raises $500 Million in Battle for Seed Deals |url=https://www.theinformation.com/articles/greylock-raises-500-million-in-battle-for-seed-deals |access-date=2023-01-31 |website=The Information}}

In 2014, Greylock launched Communities, a series of networking events centered on areas like design, big data, infrastructure engineering, user growth, data science, and network security. The communities are composed of product managers, engineers, and technologists from Silicon Valley's largest and fastest growing companies who meet once a quarter.{{cite web| url=http://fortune.com/2015/07/01/greylock-communities/| title=Greylock wants techies to schmooze more in person, not just online| date=July 1, 2015| last1=Rao| first1=Leena|publisher=Fortune| access-date=December 28, 2015}} Their branch in Israel formerly known as Greylock IL was rebranded as 83north in January 2015.{{cite web|url=https://blogs.wsj.com/venturecapital/2015/01/06/greylock-il-rebrands-as-83north-announces-a-200-million-fund/|title=Greylock IL Rebrands as 83North, Announces a $200 Million Fund| author=Orr Hirschauge| date=January 6, 2015| publisher=Wall Street Journal}}

Greylock partners include David Sze,{{Cite web |date=2018-07-03 |title=David Sze, ’88 B.A., M.B.A. |url=https://www.yale.edu/board-trustees/current-trustees/david-sze |access-date=2023-08-22 |website=Yale University |language=en}} Reid Hoffman,{{Cite web |date=2009-11-02 |title=Greylock Partners recruits LinkedIn’s Reid Hoffman, raises $575M fund |url=https://venturebeat.com/business/greylock-partners-recruits-reid-hoffman-raises-575m-fund/ |access-date=2023-08-22 |website=VentureBeat |language=en-US}} and Mustafa Suleyman.{{Cite web |last=Hall |first=Christine |date=2022-01-20 |title=New Greylock venture partner Mustafa Suleyman is looking for AI’s next best thing |url=https://techcrunch.com/2022/01/20/new-greylock-venture-partner-mustafa-suleyman-is-looking-for-ais-next-best-thing/ |access-date=2023-08-22 |website=TechCrunch |language=en-US}}

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Category:1965 establishments in Massachusetts

Category:Financial services companies established in 1965

Category:Venture capital firms of the United States

Category:Financial services companies based in California

Category:Companies based in Menlo Park, California

Category:Private equity firms of the United States

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